NQ1! Will Grow! Long!
Here is our detailed technical review for NQ1!.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 14742.75.
Considering the today's price action, probabilities will be high to see a movement to 15207.50.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NASDAQ 100 E-MINI FUTURES
NQ1! Trading Opportunity! BUY!
My dear friends ,
NQ1! looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 14750.00
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 15002.00
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NQ1! Supply and Demand Levels 8/18/23Link to Chart: www.tradingview.com
Ending the week bearish. Michael Burry secured a solid gain from his Put contracts haha!
Looking at the chart from higher timeframes, you can see we are possibly reaching levels of support soon. However, I anticipate if we have bad news to come we can easily break through support as we had done this past week. Previous strong levels of demand did not hold and we saw a flush through the 1hr downtrend line.
14260-14340 zone looks interesting for a strong bounce play, but not looking for any specific targets at this time.
Just wanted to share what my chart looks like at this time of post. Hope you are doing well!
NQ1! SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
We are now examining the NQ1! pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 15097.25 level.
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𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. First real pullbackFirst real pullback in progress flagged by bearish divergence with RSI in July/August. Where does this end? Even the “crash callers” are looking for a bounce so maybe a little more to go before a B wave starts 🌊
$NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks 📉
NASDAQ 1W MACD Bearish Cross causing this correction.Nasdaq (US100) completed this week the first MACD Bearish Cross since September 2022 and is the leading technical cause behind the recent two week correction. The 1D RSI got rejection on the exact same level as August 24 2020, which was prior to a similar MACD Bearish Cross that corrected almost as low as the 1D MA100 (red trend-line).
As a result, it is possible to see another 1-2 week selling extension, before this (much needed) technical correction is over. We will be ready to give the buy signal for a long position that will eventually target the 16770 All Time High.
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Support at 15300 and then retest 15900?We rejected 15900 level and had a massive sell off yesterday! We have a strong Buy zone around 15300 and I am expecting a bounce of that level and then retest 15900 level. Overall we have a strong bullish trend on daily timeframe and this looks like a healthy pull back. I would still like to see price in the green buy zone.
Entry : 15300-15350
Stop loss: 15200 (I would like to see a 2hr candle below this level)
First Target: 15600
Final Target: 15900
Please let me know your thoughts. Happy trading!
Nasdaq has the potential to deepen its lossesThe Nasdaq is approaching the key zone of 14,850-14,930 . It is marked by the largest correction in the uptrend that began at the beginning of 2023.
Additionally, the last bottoms are located in this zone.
A break of this zone could bring the index down to the 100-day MA around 14,400 .
NQ1! Will Go Higher From Support! Long!
Please, check our technical outlook for NQ1!.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 15105.50.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 15419.50 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NASDAQ ideaHey there, fellow global chart riders! 🌊🏄♂️ Right now, we're catching some bearish waves in the EQ market for the short term. But, you know, we're not rushing things. We're just hanging ten and waiting to see those weekly lows wipeout – at least for the short term, you feel me? 🤙 Let's ride out the rest of August and see how those weekly and monthly candles shape up. Stay stoked and catch you on the charts, dudes and dudettes! 📉🕯️📈🕯️
The Illuminated Ascension of the Market.Since I presented my bearish prophecy, I've traversed the vast expanse of financial data in search of the Achilles' heel to counter my own narrative. The cosmos itself has conspired this evening to bestow upon me the final pieces of this intricate puzzle.
On the ominous date of 8-18, a staggering 70% of market contracts bow to the bearish sentiment. This, I postulate, is the very reason for a tight squeeze leading up into this date – a sly play to ensure the bears' demise, leaving their positions reduced to mere ephemeral memories. (Forgive my wickedness, for in the end, it's merely the cutthroat dance of commerce).
As the sands of time flow and we bid adieu to 8-18, expect a swift downturn; a mere blip, a hiccup if you will. But fear not, for the hungry wolves shall quickly gather to devour this dip, leading us into the waning days of August and the dawn of September.
Post the ritualistic dance of the wondrous blue moon, brace for a cosmic parabolic squeeze ascending towards the 9-15 expiration - ensuring the bears are banished into the void eternally.
Upon the ethereal touch of 17.2k, my machinations will recalibrate.
Godspeed on your cosmic journey, astral adventurers.
💜✨🌙✨🌌✨🌙✨💜
NQ1! Filling the Right ShoulderBacktest of the broken balance, a confirmed Head and off to the Neckline - is the current theme for the market action. The Right shoulder of the projected H&S is being formed. Market is searching for the shoulder bottom. It may reach the lower edge of the channel, confluence with a yearly inflection level. I don't expect a breach of the Neckline soon. My anticipation is that the price would stay inside the Right shoulder for awhile similar to the Left shoulder and offer 2-sided setups for the traders.
08/12/2023
NAS Outlook 8/6NAS left a number of relative qual lows late last week. We are expecting price to want to trade below these to accumulate buy positions before ptonetinally expanding to take out last week’s high. There is a daily OB below price that may support it. the July open price is also at these levels. Interactions with both of these levels can be interpreted as short term discount pricing.
From a macro perspective there is a weekly FVG above price that may be acting as a magnet for higher prices. This is added confluence to the expectation of bullish expansion.